(By Balachander) Groupon Inc. (NASDAQ: GRPN) posted a quarterly loss and gave a downbeat revenue forecast, and shares of the daily deal website tumbled 25.08 percent in extended trading.
Net loss attributable to common stockholders was $81.09 million for the fourth quarter, compared with a loss of $65.38 million in the comparable period of last year. On a per share basis, net loss was 12 cents, same as the year-ago quarter.
Revenue rose 30 percent to $638 million. North America revenue more than doubled.
Wall Street analysts, on average, expected GRPN to earn 3 cents a share on revenue growth of 26 percent.
Gross billings, which reflects the total dollar value of customer purchases of goods and services, increased 24 percent. North America gross billings rose 51 percent, while International gross billings gained 6 percent.
Total cost of revenue more than doubled to $282 million from $96 million.
Looking ahead for the first quarter, the company projects operating results between a loss of $10 million and earnings of $10 million on revenue between $560 million and $610 million, while analysts expect revenue of $650.3 million.
The stock, which has been trading in the 52-week range of $2.60 to $20.50, closed at $5.98 on Wednesday.